Notable Downgrades: Applied Materials (AMAT), Nvidia (NVDA), Allergan (AGN), Marvell Technology (MRVL)

Analysts at DA Davidson downgraded Applied Materials, Inc. (AMAT) from ‘Buy’ to ‘Neutral’ in a research report issued to clients on Wednesday. The firm suggests investors focus on semiconductor equipment names that have similarly strong growth prospects but more attractive relative valuations. On valuation measures, Applied Materials stock it’s trading at a forward P/E multiple […] View the full post at: Notable Downgrades: Applied Materials (AMAT), Nvidia (NVDA), Allergan (AGN), Marvell Technology (MRVL) Related posts: Marvell Technology (MRVL) Has Turned the Corner AMAT Outperforms in Each Category Nvidia Countersuing Rival Intel Corp.